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's representative in the negotiation, and harry reid is telling a far different stories. john boehner and his caucus, the target, again, of senator reid's blame game. the senate majority leader insistent that republicans are the only onee in the way of the deal. reid asked point blank what the first thing would be, and he offered this curious answer. >> well, remember, we've already done more than a billion dollars worth of cuts. we've already done that. we need to get some credit for that and the negotiations that take place. lou: meanwhile, according to the white house, everything is not on the table, the table that a president is not scheduled to be seated at. carney confirmed that president obama will not find any extension of the bush tax cuts for the top 2% of the earners in the nation, and a look at the president's schedule for the remainder of this week shows nothing in the way of negotiations on it. the president reverting back to campaign mode as the white house decided to lobby for public support of his fiscal cliff policy positions rather than negotiate a compromise. president obama beli
of perfection. >> sean: democrats have gone a step too far, senate democrats with hairy reid leading the charge want to drastically change the filibuster egypt in order to oppose the republicans' opposition to certain legislation. look at what they said when president bush and the republicans were power. >> senate democrats represent the last check. republicans want to eliminate this check and give president bush power no president has ever had. the ability to hand out lifetime federal judgeships without consensus from the other party. never happened before. they think the senate should be a rubber stamp for this president -- i guess every president -- even if that president wants radical supreme court nominees and judges who will roll back our rights. >> everyone in this chamber knows that if the majority chooses to end the filibuster, if they choose to change the rules and put an end to democratic debate, then the fighting and the bitterness and the gridlock will only get worse. >> changing the rules of the senate has a long life to it. it's a precedent set in the senate that we will have to
leaders harry reid and mitch mcconnell on a possible change to set rules regarding the filibuster. forty-five minutes chief justice john roberts and the supreme court and constitutional law. after that, part of our coverage of the halifax international security forum, including a look at the u.s. role in global politics and the situation in syria. several live events tell you about tomorrow morning. former florida governor jeb bush will be speaking at the foundation for excellence in education. you can once that event here on c-span2 at 845 eastern. just after that at 9:00 a.m. eastern on c-span three the foreign policy initiative begins a daylong symposium on foreign policy. such a look at congress, national security was arizona senator john kyl. then on c-span, a forum on energy policy hosted by the bipartisan policy center. former senators and byron dorgan. that is at 10:00 a.m. eastern. >> on 16 of 17 bases in the united states we have military-run schools. the average cost to educate a child in that school per year is $50,000. almost four times what the rest of public education cost
to in 2011. majority leader harry reid has ruled that out this time and the number two democrat durbin repeated reid's position on sunday. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation and we can do things, and i believe we should, now, smaller things, played out over the longer term that gives it solvency. medicare is another story. >> there's still staff level discussions going on. and, by the way, as much as washington gets caught up in the conventional wisdom of what senators are saying, remember right now the senate are 100 ehechted pundits. the game is between the white house and house republicans for now. at some point the action could move to the senate. but right now it's about the house. it's a possibility at some point folks on capitol hill expect the white house to call another meeting of boehner, mcconnell, reid and pelosi along with the president. at some point this week. though nothing is scheduled. the first major appointment that the president makes will probably come in the next week to ten days. just two candidat
's democratic party. what you here from barack obama, harry reid, nancy pelosi, dick durban is not lowering all tax rates to get economic growth. you have a modern democratic party that is so far to the left that they believe in sunday amount alley anti-american concepts of radical wealth redistribution in order to equalize everyone. that is not what america is all b. the leading party that is leading the country in terms of the white house and congress really believes that by force, i don't mean by military force like the old school communist and social lists did, but by force of the tax code and redistribution of policies like obamacare they intend to force that on the american people. megyn: keurs te megyn: durbin chose two good people to make that example of. people don't love and reveer the hedge fund manager, they make other people a lot of money and they make a lot of money but most people have respect for our navy seals. is he on point? >> i do think he's on point. what monica just said, radical redistribution, we are talking about the radical redistribution is going back to the clinton
from the senate majority leader harry reid overnight really sparked some jitters in this session today, so we have red across the board. the shanghai composite, it is well and truly below that 2011 level, shedding another .9 of a percent. the hang seng was feeling some of that pressure from chinese stocks and shedding .6 of a percent. it was the mainland banks that were the culprit. they didn't fare as badly if the mainland. some capital requirement rules are going to be implemented that are raising concerns about loans and the ability of these major banks to give out loans the remainder of year. we have the kospi in south korea down .7 of 1%. we had a north korean launch site showing increased activity. that just increased the jitters in this market. the japanese markets, they have really been on a rally, on a roll, on a tear over the last few weeks. the nikkei 225 has gained more than 9% just the last two weeks alone. the yen had something to do with this. it did strengthen a little bit against the dollar, and it continues to do so, down about half a percent as you just mentioned. so
on the table, but senate majority leader harry reid did embrace republicans who have turned against one of the party's most influential forces. >> one obstacle standing beyond congress and compromise, grover norquist. bullying lawmakers willing to put their oath of office and promised to serve constituents ahead of the pledge to lead this antitax sell it. his brand of ideological extremism has been bad for congress and work for -- worse for the country. distancing themselves this week. i appreciate that very much. lou: with the majority leader's things we turn now to the man at the center of mr. reed's spewing of vitriol, of variable stream. we are joined by grover norquist , president of americans for tax reform. i have to ask you. how does it feel to be a bully of lawmakers? i like this part especially, anti-tax sell at. the logical extremists. to find yourself is really being pointed that as the problem, not part of the solution here suddenly. how do you feel that? >> well, look. harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then
is out of the hospital tonight. the senator checketd himself into walter reid yesterday for what she called a routine procedure. no word on that what that was. he is 89 now. he won the republic nomination in '96 but lost to president clinton. i'm shepard smith. this is the fox report. it's the bottom of the hour, time for the top of the news. and you know that one friend who just won't let you get a word in edge wise, the u.s. senate has a friend like that. his name is filibuster. it's really a technique that lawmakers use to hold the legislation that they don't like. a senator or group of senators refuses to get off the floor and that group can kill the bill that way. now, the senate majority leader harry reid is threatening to push for a change to the filibuster rules that would give minority members less power. but the minority leader mitch mcconnell says that would be the equivalent of blowing up the senate. doug mckelway with the news live on capitol hill for us tonight. doug, they call it the nuclear option. >> yeah, they call it the nuclear option because the party that exerci
east back from the brink. chip reid on the resignation of congressman jesse jackson, jr. the target of an ethics investigation. scott pelley with the c.e.o. of goldman sachs warning of the dangers of the fiscal cliff. >> what you won't repair is people's attitudes towards the united states. >> glor: and dean reynolds on why there's a smaller bounty to share with the hungry this thanksgiving. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> glor: good evening. scott's off tonight. i'm jeff glor. i eight days of bomb blasts and a celebration in gaza tonight after israel and hamas agreed to a cease-fire. a deal was announced in cairo by secretary of state hillary clinton and egypt's foreign minister. israel agreed to stop air strikes in gaza, where at least 161 palestinians have been killed since last wednesday. hamas promised to stop firing rockets which have killed five israelis. there were fears the deal might not happen after a bomb went off on a bus in tel aviv this morning. 27 people were hurt, no one has claimed responsibility. we have reports fro
of taking the economy off the fiscal cliff is harry reid, president obama, he says he wants to compromise. he says there's only two options here, take the economy off the fiscal cliff or do it my way. that doesn't sound like something he's willing to negotiate in good faith. so, listen, republicans want to restore confidence and certainty to this economy. i don't think want to play brinkmanship, the way to do this is through pro-growth tax reform. i'll quote the numbers again. you'll get ten times the amount of revenue by growing the economy, $750 billion versus the measly $68 billion that the president's proposing by punishing success. i think that would work far better. >> and you're saying revenue because by taxing the wealthiest americans, it cuts off what has been referred to as job creators from actually getting americans to work so we have more americans working that are then paying into the tax system. >> thomas, i'm one of those job creators, those small business people. i could have explained to him what's on the minds of job creators, the people that make those investment decis
so many others in congress will not, compromise. chip reid caught up with king on the streets of maine. >> if somebody comes to you and says i'm not going to compromise, what they're really saying is i have 100 percent of the truth. i'm 100% right. >> reporter: angus king says he's 100% certain of only one thing. that neither the democrats nor the republicans are always right. that is why when he takes his seat in january as the new senator from maine he will be doing it as an independent. >> the people are absolutely fed up with this nonsense. they have had it with washington not being able to get anything done. if you get people in a room, if you share a common understanding of the facts you can generally find common ground. and that's exactly the role that i hope i can play. >> reporter: he served two terms as governor of maine where he says he learned the value of being an independent. >> i don't have to check with anybody about what my positions are. i can call them as i see them. and that's what i did for eight years as governor there was one glorious six-week period whe
reid on the floor of the senate only moments ago. listen to him. >> unfortunately there is one obstacle standing between you and congress to compromise, grover norquist. for years he has bullied lawmakers willing to put their oath of office or promise to serve constituents ahead of their pledge to this antitax zealot. his brand of ideological extremism has been bad for congress and even worse for the country. i was pleased to see republicans in congress distance themselves from norquist this week. i appreciate that very much. bill: here now to react. grover norquist, americans for tax reform. good morning to you. >> sure. bill: harry reid, what do you think about that? >> well, only senator harry reid of nevada could pack that many lies into something quite that short. look, the taxpayer protection pledge as harry reid well knows is a commitment by senators and congressmen to their constituents, not to me personally, reid tells that lie over and over again, a commitment to their constituents that when they come to washington they will reform government and spend less money, rather than
't be just being against the democrats. and against harry reid and against obama. you have to be for things, and we have to give them something like the contract with america, that we gave them some years ago. we have to give them something to be for. and as far as young women are concerned, absolutely. i don't think anybody like me, i can state my position on abortion, but, to -- other than that, leave the issue alone. when we are in the kind of economic situation and, frankly, national security situation we're in. >> chris: when you say leave the issue alone, you would allow, you say, freedom of choice? >> i would allow people to have those popinions and rec those opinions and i'm proud of my pro-life position and record and if someone disagrees with me, i respect your views. >> chris: senator mccain, thank you as always for coming in today, you will have a busy final weeks here in 2012. >> we certainly will. thank you, sir. >> chris: thank you. up next 'tis the season to shop and spend, but the upcoming fiscal clip put a damper on consumers and investors? ♪ we're sitting on a bunch of
agenda. it can't be just being against the democrats and against harry reid and against obama. you have to be for things. we have to give them the contract with america that we gave them some years ago. we have to give them something to be for. young women, i don't think anybody like me i can state my position on abortion, but to -- other than that, leave the issue alone. when we're in the kind of economic situation and frankly national security situation we're? >> chris: you would say freedom of choice? >> i would allow people to have those opinions and respect those opinions. i'm proud of my pro-life position and record but if someone disagrees with me, i respect your views. >> chris: nor -- senator mccain. thank you for being here today. >> 'tis the season to shop and spend. will the coming fiscal cliff put a damper on consumers and investments? 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a diff
president obama spoke with the house speaker boehner and the senate majority leader harry reid over the weekend. still, concerns of the crisis and the european debt crisis sent stocks down but not precipitously but down. we are seeing signs of progress in washington, dc, with rare bipartisan consensus on raising taxes on the wealthy but they remain at odds over the specifics. in other words, exactly highway do you do it. and mike emanuel is live on capitol hill. the white house is expressing putting pressure on congress. >>reporter: a report on the impact if the bush tax cuts are not extended. the study says the typical middle class family will see taxes go up by $2,200 next year affecting businesses and retailers. the argument is the families will spend less and it will hurt the economy. >> you can see it across housing, and services, and things like paying for cell phone, groceries, durable goods, auto purchases. evidence like this is a reason why retailers are so concerned that congress has not yet extended the middle-class tax cuts. >>reporter: and carney noted the president spo
on? >> well i oppose the idea that senator reid is proposing. i think it is a mistake to limit the rights of people who elected me and others to have the right to offer amendments and to have unlimited debate on the senate floor. you know, it is interesting when president obama was a senator and republicans were thinking about using this, he said, oh, no, it is terrible, it would destroy the institution and would hurt the country. same thing when senator biden was a senator spoke against it. when harry reid was in the minority he was against it. now they're in the majority. seems like a power play. i think you shouldn't break the rules which is only thing they can do, because they don't have votes to change the rules. you should not break the rules to change the rules. melissa: from here it is so hard for us to tell how close we're getting to a deal or not. we have our own "money" meter which is scale one to money, what is likelihood a deal gets done. what do you think? what is the likelihood? >> i think it is closer to money than to your odds of winning the powerball but we're
harry reid and mitch mcconnell sent stocks to session lows. this morning we look to open to the downside. implied open down 25. s&p looking to lose five. beige book home sales ahead. as for picture in europe, a bailout for four spanish banks getting approval from the eu. still stocks are down. italy down by almost one full percentage point. road map for the morning starts off with the fiscal cliff. the president meeting with more ceos today bringing his plan straight to the people culminating in an appearance in a factory later this week. >> costco joins the dividend parting initiating a $7 a share payout on top of the regular dividend. >> and a shake-up at groupon. the board may be considering co-founder being released. >> there's powerball fever. 500 million big ones in the pot. how would you spend the money and how does the fiscal cliff factor in? we'll talk strategy with a former lottery winner. >> we begin with the fiscal cliff. this afternoon president obama is scheduled to meet with several business leaders including ceos of home depot, macy's, caterpillar and at&t but futures are
about the comments made by harry reid with the cautionary tone with the fiscal cliff and you have to push back to washington and decisions need to be made fast. so with the intraday chart we hasselhoff again but the dow was down 68 points the s&p is down 1/3 of 1%. it was in a green but now when the red like hewlett-packard, american express way on the dow. tracy: chevron, i am. we will see when 15 minutes span of three weeks since the bombing was elected a yet there seems to be little progress to hammer out the agreement between the president and congressional leaders to avoid the looming fiscal cliff. spending cuts and tax hikes kicking and and analysts say it could kick is back into a recession. gerri willis is here to get it straight. >> i wish i could. >> is a mind-boggling we had made no progress? >> what has happened? absolute nothing now the president will go to the street he thinks the election is still on? i know understand going to pennsylvania but today he meets with middle-class americans. i would like to see all of the elite people to sit down until you get something
john boehner and the senate majority leader harry reid over the weekend. and the president is confident they can work out some sort of agreement. mike emanuel on fox top story live in the d.c. newsroom tonight. mike, it looks like some republicans are changing their tunes. >> shep, republicans say they favor both major spending cuts and additional revenue from tax reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth.
senator majority leader reid said there was little progress being made on the fiscal cliff. that was yesterday afternoon. we lost 50 points on the dow. even though mr. reid said he was hopeful a deal could be reached, damage was done. senator mccobble said democrats should be more actively involved in the debates. he said the president was traveling around the country having complain like stops, he should come back to the capitol and make a deal. today representativeboehner saying he was optimistic a cliff deal could be rachd. the market rallied nicely on that after disappointing new home sales results. just in the last hour, we've rallied because the president has come out and said he would like to have a deal on the fis calf cliff by christmas. that's exactly what the markets want to hear. they want a timetable for when a deal can be reached and they want it before the end of the year. we move up to the highs of the day on that news. >> a deal by christmas with a bow on it perhaps, bob. >>> dozens of ceos as we mentioned earlier meeting with congressional leaders right no
is accused of assuming the powers of a dictator. reports from holly williams in cairo and chip reid at the white house. on this black friday, are the
-panthers, philadelphia. >> how about that monday-nighter? >> i know. i just continue to worry about andy reid because he looks so pathetic. >> yeah, it's been a very rough year for the eagles and their head coach andy reid. a lot of folks are calling for his head. this team lost six in a row, the most since before he took over. but while a lot of people want him fired right now, i think you have to look at the body of work, carol, for him. six division titles, he won an nfc championship game, winningest coach ever in philadelphia. and i think a little respect, too, for reid as a person who lost his son earlier in the season. you could make a change with this eagles' team, a lot of injuries, including michael vick. but a lot of people also believe that an interim coach in the middle of a year doesn't always translate into immediately turning things around. so i believe, like a lot of people, that reid will be gone, but it won't happen probably until the end of the year. >> vince chelani from bleacher report, thank you so much. >> don't forget, go to carol, good to see you. >> i'm goin
, the president called both senator reid and speaker boehner to get things going. there is a talk of a immediating at the white house later this week. >> ed henry live on the north lawn. thank you. stocks were mixed. the dow lost 42. nasdaq gained ten. they are still trying to find a deal for bail-out money for greece. they failed to reach an agreement twice in two weeks. mary schapiro is leaving next month. she will be replaced by the sikh commission member elite walter. you may want to let go of your mouse and pay attention the next story. you and your fellow americans are expected to spend well in the ten figure range today. during the online shopping blitz known as cyber monday. that is a lot of cash. that is not taxed at the in-person rate. james rosen. >> the cyber monday rush to p.c., iphone android poses little threat to the black friday stampede to brick and mortar stores but the numbers are starting to turn. >> we now have one in ten discretionary dollars spent online. >> physical retailer saw foot traffic decline by 2%. with 100 million people expected to make $1 million in online purch
democrat harry reid says republicans are the ones dragging their heels. there's been little progress with the republicans, which is a disappointment to me. they've talked some happy talk about doing revenues, but we only have a couple weeks to get something done. >> reporter: republicans point out that medicare and medicaid are the largest future drivers of the debt. they say they won't agree to increased revenue from taxes unless they get entitlement cuts as well. scott, it's safe to say there are going to be people on the right and left howling mad at no matter what this deal looks like. >> pelley: nancy, thank you very much. one idea they're looking at is scaling back one of the most popular tax breaks of all: the mortgage deduction. dean reynolds will tell us more about this later in the broadcast. that crisis in egypt is growing tonight. more than 200,000 protesters have filled cairo's tahrir square. they are angry with their new president, mohamed morsi who said last week that his decisions cannot be challenged by the courts which gives him almost absolute power. and our holly
asked harry reid of years ago, you're back in power and that the president, why are you pushing it customer he said, "steve, i wish we had time." both parties have let it sit. as a journalist, i want to remind people there has been institutional neglect on both sides, which accredits the senator for now moving, but it has been interesting how people did not see this before and earlier periods. >> i think that is fair. the reality is in the last session, we were literally one vote short from moving forward. i should say the senate was barred the department of defense afforded. despite its importance, i would put it behind us, taking steps to get our economic house in order. it is fundamental to long-term security and fundamental to our core -- global leadership role. it is really the foundation of our long-term power influence as a nation. with respect to human rights, one of the principles that we need to understand and follow is that human rights do matter. >> i want to take that two issues promptly. first thing is energy. east china sea, when president hu jintao made a visit t
. >> and wolf, just moments ago, the senate majority leader harry reid released a statement, very, very direct and pretty critical of those republican senators who were critical of susan rice. really defending susan rice, and he was talking about the republican senators saying the election is over. it's time to drop these partisan political games and focus on the real challenges facing the nation. he said that these attacks on susan rice are unfounded and they don't jive with reality. i can tell you that senator joe lieberman who is the chairman of the homeland security committee came out of a separate meeting with rice and said he he found her answers satisfying and he would vote for her for secretary of state if he was voting. >> thanks very much, dana bash. with that looming on capitol hill, the looming battle over the so-called fiscal cliff. >> there's a lot going on. a lot of battles going on. specifically on capitol hill, that's for sure. lawmakers have just 35 days to reach a debt reduction deal. otherwise, huge spending cuts and steep tax hikes will automatically take effect and affect
? there has been so much acrimony. the white house, you know, pushing senator reid to get a budget out of the senate. is there going to be some kind of a kumbaya moment? >> i think there is. i just read the tea leaves and you listen to nancy pelosi or harry reid, the majority leader of the senate. both have already said that there is going to be a deal well before christmas. i think that they know. pressure from low income people on the left. they want them to make a deal. again, i don't think it's getting attention, but the president is under pressure. jon: it is so fascinating that so little seems to get done and get the voters sent the same cast of characters back to washington to get it all done again, i guess. >> that's optimistic. jon: juan williams, brad blakeman. happy thanksgiving. jenna: on this thanksgiving, the latest forecast up next for you. plus, thanksgiving favorites getting a whole new look this year. one of them is the star of them all. the turkey. turkey ice cream. need i say more? stay with us people really love snapshot from progressive, but don't just listen to m
with it again. thank you, stuart. martha: you have got senate majority leader harry reid saying there isn't much to talk about, that the election shows the american people have given the lawmakers the go ahead to raise taxes. >> americans when they voted raised their voices and supported our pledge. congress is acting in accordance with the will of the american people. martha: reid says any agreement must have the wealthy to pay a little bit more to reduce the deficit. bill: what happens if they don't see a deal? 90% of americans will see a tax hike in 2013. and families that make between $40,000 and $65,000 will have to pay an extra $2,000 to washington, d.c. in taxes. martha: concerns over america's fiscal cliff have sent the markets lower in premarket trading. there is a look at where the dow is poised to open this morning. with the dow, the s & p and the nasdaq all trading lower. speaking of that, a new round of violent protests break out in egypt as police fired teargas into the crowds. here are some of those scenes. >> unbelievable. more than 100,000 people flooded into downtown cairo. th
as six years. >> big day for starry eyed open otimists. chip reid is following the story as excitement builds and ticket lines grow longer for the powerball. >> reporter: this weekend the amount that shoppers are spending is not the only number. take a look at the powerball jackpot, $325 million. nearly $213 in a single cash payment. 44 states and territories offer a chance to play. since the lottery raised the price of a single ticket to $2 in january, the prizes have increased even while the number of tickets purchased has declined. the chances of winning saturday's jackpot 1 in 75 million. recently there's some big winners. iowa hit it big with two jackpots this year. >> it's the number one cash jackpot to an individual or a couple in iowa's lottery history. >> reporter: the couple bought a ticket in a $202 million contest and took home 90 million in cash. a group of 20 quakerr oats worker split winnings in june. the surge in ticket purpose before a big jackpot but they say they are not sure how thanksgiving will affect tonight's drawing. for cbs "this mornin
in place, boehner and can'ter and pelosi, obama and reid. >> you're confident that we'll get it done? >> i'm positive about the american people. at some point in time we have to do this. i'd rather ease into it than have an event that makes us have to do it. we're thinking along the right ways right now. we've got do it at some point. >> ron hart, thank you. >>> a four-hour run or 17 hours of yoga. sound fun? not to me. that's what experts say you would have to do to burn off the thanksgiving calories. does that sound fun? think about it. 17 hours of yoga. fitness and nutrition expert mark mcdonald offers some alternatives. ♪two of a kind ♪for your information ♪we're two of a kind ♪two of a kind ♪it's my observation ♪we're two of a kind ♪like peas in a pod ♪and birds of a feather ♪alone or together you'll find ♪that we are two-oo-oo, oo-oo-oo, oo-oo-oo, of a kind♪ the treadmill this holiday weekend. >> by some accounts, you would have to do some serious and i mean serious exercising just to burn off the calories packed into most thanksgiving day meals. >> but that's w
, let's don't forget the last time that the senate had a budget, it was when harry reid worked with his friend, speaker pelosi and nobody in the 2008 budget complained that it wasn't spending enough money. let's go back to 2008. $2.5 trillion, and cuts off a trillion in spending, right there. >> lou: there are all sorts of ways to get there, as you suggest here tonight, and, as suggested in other forums as well, but the idea that this president an boehner are coming together to have at least a civil discourse over what in the world we're going to do about the fiscal cliff, six weeks remain, are you any more hopeful as a result of the tone they've taken on the first day of discussion? >> well, i wasn't hopeful with the president's tone, when he said -- >> are you being partisan here? >> i'm not being partisan, i am being objective, when i say that the president proposed $1.6 trillion in new revenue? he wants to destroy the economy? come on. who in their right mind will allow that kind of increase to devastate the economy. it will not be hostess going out of business. >> lou: that is a go
change. we know that senate majority leader reid said they hope to have another meeting with the president this week. >> athena jones, thank you, at the white house. >>> and president obama went christmas shopping today. the president and his daughters shopped at an independent store in virginia. the obamas are participating in the third annual event, the white house bought 15 books. >>> and cyber deals, no longer just for monday. they participated in the deals before black friday. cyber monday is still a key part of the holiday shopping season. spending on cyber monday may reach $1.5 billion this year. so how do you get the best on-line deals if cyber monday is starting earlier? cnn's laurie segall has more. >> reporter: like black friday, or now black thursday, it starts earlier. o on-line deals are available every friday or monday on >> it is so much easier to go on line than it is to go out to the stores. >> reporter: ahead of the holiday season, the social network got into the game, launching facebook gifts. this seems like it is actually taking a big ste
ler than the end of the year, but we'll see. >> reporter: senate majority leader harry reid said before the break that they hoped to have another meeting with the president this week. randi? >> athena jones, thank you very much. the fiscal cliff wasn't on the president's mind while he was out christmas shopping though the reporters tried to ask him about it. the president and this daughter sasha and malia stopped by. the president bought 15 children's zbiks to be given to family and friends. the president's daughter sure to be sad about this next one. their beloved justin bieber is losing the top spot on youtube. korean top star psy now has the most watched video on youtube ever. it edged out the biebs and his 2010 song "baby." the dance craze inspired more than 850 mill iion viewers on youtube. ♪ i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ]
're making my point. where is the conversation about cutting, dir dick durbin, harry reid? >> the president sold a lie. the lie is you can have these goodies and it will be paid for if you tax the rich for more. that's economic nonsense. i want to give you one number. the unfunded liability of medicare, one entitlement program, is $42 trillion. that's money that we've got to shell out in the future, which we do not have. are you going to tell me we could tax the rich? >> i am not telling you, but this is what i'm saying, that the tax reform and entitlement reform should and could be a bigger part of this conversation, however to focus on the republicans now at this point i think is chasing a rabbit down a hole. it is not the republicans' responsibility to come up with a plan. president obama won fair and square. he's the won who needs to persuade america that the policy is right. >> sean: we have the exact same situation as we had before. all this money was spent, all the arguing over -- >> the house passed all sorts of bill to improve the economy in the last congress. you don't get anywher
's your policy? >> bret: senate majority leader harry reid says long-time republican senator bob dole is in army reed medical center. he is 89 years old and has been hospitalized several times in recent years. the kansas senator ran for president in 1996. vice president in 1976. the seasonal accused of the biggest security breach in u.s. history says he has been punished enough already. army private bradley manning is expected to testify this week in a pretrial hearing. his lawyers contend his isolation in the small cell where he was forced to sleep naked was illegal. they are seeking a dismissal of charges. manning is accused of sending classified war logs and diplomatic cable to website wikileaks. all sides seem to be digging in as the political turmoil in egypt continues. today another familiar sight in a familiar place not too long after the last president was forced from power there. correspondent steve harrigan is in cairo tonight. >> attempts by egypt president morsi to expand his powers have galvanized the oppositio opposition. in to the largest street protest since those that
at the day's market headlines. stocks bit it for the second straight day senate majority leader harry reid indicated that little progress has been made in recent fiscal iff talks. big surprise there. so you're welcome, investors. the major intoday sees slid on the news and the dow fell 89 points. >>> shares of green mountain coffee are skyrocketing after-hours. the company solidly beat expectations for fiscal fourth quarter earnings, pointing to strong sales of its k cup coffee & tea packs. >>> apple reportedly fired the manar behind apple maps. iphone software has been widely panned for flaws and inaccuracies since its launch back in september. what you really want is an accurate map, so there you go. >>> on to our top story tonight, president obama ups the ante on fiscal cliff pressure meeting with small business owners from all walks of live at the white house today. the million dollar question? what will be the real impact on small businesss? with me now, straight from that meeting in a fox business exclusive is the cofounder of book to the roots, an urban mushroom farm growing gourmet
leader harry reid said let's not mess with social security, signals from the white house indicating they're not going to touchdown social security, maybe medicare, medicaid, but not social security and republicans will say, wait a minute, you're not serious. we're giving ground on revenue, you got to give ground on spending. and, brooke, i think the biggest thing here is that this bill, if they get a bill, is going to be so unpopular because it is going to raise taxes and it is going to cut benefits and getting the votes to pass this is going to be enormously difficult. >> you bring up the benefits issue. let me run through this, because it brings us back to the possibility of no deal whatsoever. again, on the automatic tax increases come january 1. we're talking about a lot of stuff here. the bush era tax cuts expire. as does the president's so-called payroll tax holiday on social security deductions, follow along with me, the so-called marriage penalty returns full force, you also have extended unemployment set to expire here. and the child tax credit drops by half. capital gains go up
by the senate majority leader harry reid who said the three republicans politicize sizing this issue and called their behavior outrage just, jenna. jenna: well have more as the story volz throughout the day. catherine, thank you. >> reporter: you're welcome. jon: another story gripping washington, the size of our national debt. one lawmaker says the real problem is the fiscal avalanche that looms if the government fails to deal with our massive national debt. it is now over $16 trillion and counting. utah republican senator mike lee wrote that the in an, wrote that in a recent opinion piece. he is a member of the joint economic committee. you're from utah. a lot of mountains there. i'm sure you know what an avalanche looks like and the problem with them is as you point out you don't know when they're going to come. >> that's right, jon. unlike the give which you can see coming the avalanche is there in the sense that the conditions are present but you don't know exactly when it is going to hit you. by the time it hits you it is too late to get out of the way. that's why we have to start moving
in washington. the white house says the president did speak with speaker boehner and senator reid over the weekend to touch base on this very issue. as one republican aide put it to cnn, the fact that they are still talking is progress. but a democratic aide said they don't have staff had you hadling in a room going over spreadsheets which is where they need to get to hammer out a deal. what they're doing now is they're at the dancing stage of this negotiation. >> a lot of folks are saying it's not the republicans in the senate so much will be the problem for the obama administration, but republicans in the house of representatives, especially those from the tea party movement and others will be a serious problem. >> what was an important group of republicans during the debt ceiling debate while this election has changed the arithmet arithmet arithmetic, republicans in the house will be key to this negotiation. the two men that need to hammer out this deal, just like it was over the summer, is still president obama and spooeseaker boehner. >> i don't think there's any doubt the preside
reid, mitch mcconnell, john boehner, nancy pelosi will be serious. going over the cliff doesn't make any sense. >> we all remember the t.a.r.p. vote that you reference. that really didn't come to a resolution until the markets -- i would argue -- scared washington. i wonder how important you think that is this time? do stocks need to fall before the two sides really get committed at the table? >> that is a terrific question. that's the main question. in two days we lost 1,600 points in the markets. it took us a lot longer time to come back and recover. i sat there and stared defeat in the face. we can't do it now. the markets will respond to certainty. that's what congress needs to give american business and american people. certainty about taxes. certainty about spending in congress and certainty about our commitment to lower the debt. >> how do you argue that you are considering all elements of reform if in fact you're going to stick by the norquist pledge. is there anything wrong with as senator graham has said with saying i made that pledge back then but my job is to be a senator
welfare at the expense of none other than the middle class. for more, we go to joy reid, managing either of and jared bernstein. welcome to you both. >> nice to be here. >> earlier we asked you to come up with a figure, because you know i have -- like a dog with a bone on this. we asked you to come up with a figure how much corporate welfare per year is dolled out. what did you find out? >> from the tax policy center, nonpartisan, highly reliable group, $150 billion in tax expenditures that favor corporations in 2012. so, there's your number. >> now, if i'm not mistaken, the amount we actually spend on entitlements that we actually are entitled to because we pay into a system is about half of that? in terms of who's getting the better deal, corporate welfare seems like the better deal and if we're looking for cuts, maybe that's where we should start? >> i think the point is that in both of these cases it's absolutely nonsense, and i know you share this view, to write off all of the social programs as, you know, welfare that just layabouts are -- that 47%, clear nonsense. at the
of taxes. and also stuck on the issue of entitlements. we had harry reid come out and basically say he wasn't open to reforming especially social security. so there's a big question mark about how they're going to move forward. remember, these are sort of their opening bids. presumably there is room for some sort of movement on either side. in terms of getting a deal done by the first of the year, i think there's a lot of pressure on both sides to try to get something done here. you remember the debt ceiling debate. after that sort of knockdown dragout fight, congress had its lowest approval ratings in history. they know they need to get something done. remember, if they don't get something done before the first of the year, it could have serious consequences on the economy. >> i want to ask you both to weigh in on this question. kristen, you do the political angle and neil you give me the nuts and bolts. yesterday john boehner wrote an op-ed calling for the health care law to be part of the negotiations, he wrote in part the president's health care law at the massive, expensive, unworkable
a president. the democrats have harry reid. we have mitch mcconnell. get them in the room. and that's what representative governments should be about. no one gets all they want. if reagan and o'neal can do it, r boehner and obama should be able to do this. >> the last attempt at a grand bargain, it was the politics and brinksmanship and it all went nowhere until a final deal that brought us to this breaking point. do you think that the tax issue has to be solved first before you can get to any defending issues, any of the entitlement issues? >> i think it all has to be on the table. again, i don't want to be said what has to be done first or second. that's for them in the room. but the election is over. president obama won. he won fair and square. we won the house. we won it fair and square. democrats still control the senate. slight edge to the democrats. bottom line, it's over with. let's find a way to get this resolved as much as possible between now and the end of the year. so both the new congress and the president in his second term can start over with a clean slate. we have so many
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